Bankrupt California City Eyes Marijuana for Revenue

The bankrupt California city of San Bernardino has a new idea for raising revenue – legalize medical marijuana, and tax the pot.

Ironically, the plan was spurred by concerns about not having enough resources to crack down on the illegal medical marijuana dealers springing up all over town.

So the city is now looking at legalizing the sellers, and using the proceeds to enforce the regulations.

It’s not quite “if you can’t beat ‘em, join ‘em,” but like many municipalities in California today, San Bernardino is recognizing that it could be bringing millions of dollars into its foundering coffers each year if it opened its doors to regulated medical marijuana dispensaries. And it would be able to have a say in who operates these places, as well as how and where.

“This is a no-brainer,” said Karen O’Keefe, director of state policies at the Marijuana Policy Project in California. “More and more people are realizing that you’d really have to be in the Stone Age to oppose this.”

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